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Onwards and upwards for the UK C&I sector in 2015

Posted by: Laurence Simons 05/03/15

“It seems 2014 is the year in which demand for lawyers within Commerce and Industry (C&I) begins to grow again.” This was a prediction I made six months ago in one of my blogs, and it seems to be coming to fruition as 2015 continued where 2014 left off – increased headcount, increased salaries and a positive economic outlook.

We’ve seen improved activity, particularly in the technology and telecommunications sector – which is my area of expertise.  

The TMT sectors are on the up. It all started towards the end of 2013, when we saw increased confidence and a more positive economic outlook. This continued throughout the course of 2014 and hasn’t shown any signs of declining. Many teams who were running on a tight budget and a limited team number now have seen team sizes increase as well as the purse strings loosen meaning salary improvements. The junior end of the market is where most legal recruitment activity occurred, with those in the two to six year PQE bracket the most sought after.

Overall, there was a steady demand for junior to mid-level lawyers throughout 2014 for many sectors.  There is a growing desire to increase team sizes among most General Counsel that we speak with. We’ve noticed that the move from private practice to in-house remains a very popular choice for lawyers; outsourcing, IP and data privacy experience are in the highest demand.